/KASE, October 20, 2021/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading sessions (for the offering and additional offering) of government
long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEUKAM) were held in the trading system of Kazakhstan Stock Exchange (KASE) on
October 20, 2021 on the terms below (Nur-Sultan time).
OFFERING TERMS
------------------------------------------- ------------------------------------
Trade date: October 20, 2021
Current maturity: 2.6 years (930 days)
Declared offering volume, mln tenge: 25,000.0
Trade subject: "clean" price
Market order execution ratio, %*: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Striking time: before 15:00 (Т+0)
Payment date and time: October 20, 2021, 15:00
Method of execution of limit offset orders: in accordance with
item 6 of Article 28 of the
Regulations on the
Methods of Conducting
Trades in TCSs
Method of execution of limit orders: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Method of execution of market orders: at weighted average price
--------------------------------------------------------------------------------
From 15:30 to 16:00 o'clock, Nur-Sultan time, the issuer planned to
additionally offer the mentioned bonds in KASE's trading system during a
special trading session for the amount of KZT20,000.0 mln. The special trading
session for additional offering was declared failed, due to the fact that at
the end of the order collection period there were no active orders in KASE's
trading and clearing system.
-----------------------------------------------------------
BID PARAMETERS AT OFFERING:
-------------------------------------------------- --------
Number of participants: 4
Number of orders submitted (all / active): 7 / 7
including:
– limit: 7 / 7
– market: 0 / 0
Volume of active orders*, mln tenge: 25,478.7
including:
– limit: 25,478.7
– market: 0
Bid to ask: 104.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 94.5977
– maximum 94.9120
– weighted average 94.6408
Yield on orders submitted, % APR (on all / on
active ones):
– minimum 10.3500
– maximum 10.5000
– weighted average 10.4794
-----------------------------------------------------------
* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
OFFERING RESULTS:
--------------------------------------------------- ---------------
Volume of orders executed, bonds: 6,000,000
Volume of orders executed, tenge: 5,888,311,500.0
Number of orders executed: 6
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 24.0
Volume of orders executed, % of bid: 23.1
"Clean" cut-off price, %: 94.7442
"Clean" price in orders executed, % of face value:
– minimum 94.7442
– maximum 94.9120
– weighted average 94.7844
Yield at cut-off price, % APR: 10.4300
Yield of bonds to maturity for buyer, % APR:
– minimum 10.3500
– maximum 10.4300
– weighted average 10.4108
-------------------------------------------------------------------
According to Central Securities Depository (Almaty), the deals on offering the
first issue of MEUKAM-180 (KZKD00000105, MUM180_0001) by the end of
settlement of trade results were executed.
In the context of the main categories of investors, during the offering 50.0 %
of the total volume fell on banks, 50.0 % - on other institutional investors.
Taking into account the previous offering, the total volume of MEUKAM-180 of
the first issue (KZKD00000105, MUM180_0001) amounted to 157,630,513 bonds
for the total face amount of KZT157,630,513,000.
MEKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE's secondary market under the trading code indicated in the table. In
this case, bonds must be quoted in KASE's trading system at clean prices.
The Rules of issue, placement, circulation, service and redemption of
government treasury bonds of the Republic of Kazakhstan are available at
http://kase.kz/files/mix/newgko.pdf
The Rules of placement of government treasury bonds of the Republic of
Kazakhstan are available at
http://kase.kz/files/normative_base/mekam_placement_eng.pdf
[2021-10-20]